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To: Idomeneus who wrote (11080)4/12/1998 12:45:00 PM
From: soup  Respond to of 213176
 
What's Good For General Motors ...

via O'Grady's PowerPage

>At a recent computer expo (COMDEX), Bill Gates reportedly compared the computer industry with the auto industry and stated:

"If GM had kept up with technology like the computer industry has, we would all be driving twenty-five dollar cars that got 1000mi/gal."

Recently General Motors addressed this comment by releasing the statement:

"Yes, but would you want your car to crash twice a day?"<

ogrady.com

Whiling away the hours till the 4/15 earnings announcement. (That's *after* the market closes, right?)

soup



To: Idomeneus who wrote (11080)4/12/1998 2:46:00 PM
From: Mfcheal  Read Replies (1) | Respond to of 213176
 
Re Microsoft payments:

The only hard reference I have ever had for it was a Time magazine report & interview with Jobs after the Boston Expo from which the following:

Within hours of the announcement, Apple stock soared 33% to $26.31.
Sipping a celebratory water on the plane ride home, Jobs pointed out that people had been so shocked
they missed the big news: Microsoft would be paying an undisclosed amount to settle claims that it had
used seminal Apple computer patents. "Three or four weeks ago," said Jobs, "I called Bill and said
Microsoft and Apple should work more closely together, but we have this issue to resolve, this
intellectual-property dispute. Let's resolve it." With Jobs' no-nonsense negotiating, it was done
quickly, with Gates not only promising to pay off Apple but even investing $150 million in nonvoting
Apple stock.


The full text is archived at
pathfinder.com

and still makes interesting reading several months later. Perhaps the AGM will be the appropriate time for commenting on this. It just seems strange that Jobs commented on the fact that everyone missed the news and then as far as I can gather hasn't referred to it himself again since. The other thing is that the implication is given that the amount involved is somewhat in excess of $150m.

Best of luck to all in the coming week. especially the shorts who may need it more than most.

M¡che l